RFG Advisory LLC Sells 7,156 Shares of Qualcomm Incorporated $QCOM

RFG Advisory LLC reduced its position in Qualcomm Incorporated (NASDAQ:QCOM) by 31.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,535 shares of the wireless technology company’s stock after selling 7,156 shares during the period. RFG Advisory LLC’s holdings in Qualcomm were worth $2,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. California State Teachers Retirement System lifted its holdings in Qualcomm by 18,251.8% in the second quarter. California State Teachers Retirement System now owns 301,278,659 shares of the wireless technology company’s stock valued at $55,673,283,000 after acquiring an additional 299,636,973 shares during the period. BlackRock Inc. bought a new stake in shares of Qualcomm during the 2nd quarter valued at about $17,583,115,000. Norges Bank bought a new stake in shares of Qualcomm during the 4th quarter valued at about $2,591,056,000. Bank of New York Mellon Corp purchased a new stake in shares of Qualcomm during the 2nd quarter valued at about $1,523,930,000. Finally, Deutsche Bank AG purchased a new stake in shares of Qualcomm during the 2nd quarter valued at about $1,178,349,000. Institutional investors own 74.35% of the company’s stock.

Qualcomm Trading Up 0.3%

Shares of NASDAQ:QCOM opened at $176.88 on Friday. The stock has a 50 day moving average of $168.34 and a 200 day moving average of $170.75. The company has a market cap of $185.76 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 3.68 and a beta of 1.68. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The firm had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter in the previous year, the business posted $2.77 EPS. Qualcomm’s revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities research analysts expect that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be paid a $0.92 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.1%. Qualcomm’s dividend payout ratio is 42.59%.

Insider Activity

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the sale, the executive vice president owned 36,535 shares in the company, valued at approximately $5,372,106.40. This represents a 8.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 208 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $170.00, for a total value of $35,360.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 9,033 shares of company stock worth $1,467,844 in the last three months. Company insiders own 0.05% of the company’s stock.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Amazon deal strengthens Qualcomm’s data-center story. AWS will use Qualcomm custom data-center chips and optical networking technology, with warrants and potential purchases of up to $60 billion through 2036. The agreement provides tangible customer validation for Qualcomm’s push into AI infrastructure and diversifies revenue beyond mobile handsets. Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal
• Positive Sentiment: Management sees a sizable long-term opportunity. Qualcomm’s CFO highlighted a potential $5 billion data-center business and said its “port once” software and hardware approach could attract additional hyperscaler and AI-chip customers. Analysts and market commentators view the Amazon partnership as a meaningful change in the company’s investment thesis. Qualcomm up 3% on Amazon AI pact; CFO eyes $5B data center target
• Positive Sentiment: Rosenblatt reaffirmed a Buy rating with a $235 price target, implying substantial upside from the reference price. The target reflects optimism that AI infrastructure, data centers and other new markets can offset slower mobile-chip growth. Qualcomm analyst rating and price target
• Neutral Sentiment: Investors are comparing Qualcomm with ASML as both semiconductor companies pursue AI and advanced-chip opportunities, but the comparison does not provide a specific new earnings forecast or valuation change for QCOM. ASML vs. QCOM: Which Semiconductor Stock is the Better Buy Now?
• Negative Sentiment: Apple is gradually reducing its dependence on Qualcomm. The iPhone 18 Pro reportedly uses Apple’s C2 modem, although the Pro Max still appears to rely on Qualcomm technology in some markets. Further in-house modem adoption could pressure Qualcomm’s handset revenue and licensing relationship with Apple. iPhone 18 Pro Debuts C2 Modem As Apple Keeps Weaning Off Qualcomm
• Neutral Sentiment: Reported short-interest data appears unreliable: the update lists zero shares on both dates and a zero-day cover ratio, while also showing an undefined percentage change. It therefore offers no meaningful indication of changing bearish positioning.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on QCOM. Susquehanna dropped their price objective on shares of Qualcomm from $190.00 to $160.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Lake Street Capital cut shares of Qualcomm to a “hold” rating in a report on Thursday, June 25th. HSBC reiterated a “hold” rating on shares of Qualcomm in a research report on Wednesday, July 15th. Rosenblatt Securities reiterated a “buy” rating and set a $235.00 price target on shares of Qualcomm in a research note on Wednesday. Finally, DZ Bank raised shares of Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 price objective for the company in a research report on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $204.10.

Qualcomm Profile

Qualcomm Incorporated (NASDAQ: QCOM) is a technology company that develops wireless communications technologies, semiconductors and related intellectual property. Headquartered in San Diego, California, the company serves customers and partners worldwide across the mobile, automotive, consumer electronics and industrial markets.

Through its Qualcomm CDMA Technologies (QCT) business, Qualcomm designs and supplies integrated circuits, system software and hardware platforms. Its products include Snapdragon mobile platforms, 5G and other wireless modems, radio-frequency components, connectivity solutions, processors and artificial intelligence technologies.